Multi Ethnic East Housing Corporation

Charity Navigator Rating: Two-Star out of Four Star rating (67%)

The Multi Ethnic East Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall operations and transparency. With a total score of 67%, the organization shows strengths in its board independence and the oversight of financial statements, scoring full points in audit and oversight committee metrics, which suggests a solid governance structure.

However, the organization faces significant shortcomings in its financial transparency and policy disclosures. Notably, it lacks key policies, including a conflict of interest policy and a whistleblower policy, which are essential for maintaining accountability. Additionally, the high liabilities to assets ratio of 103.56% raises concerns about its financial health, despite a strong program expense ratio of 89%, which shows that most of its expenditures are directed towards its mission.

Overall, while the Multi Ethnic East Housing Corporation demonstrates a commitment to its programs, the absence of critical policies and the financial liabilities signal areas that require urgent attention to enhance its effectiveness and trustworthiness.

This AI summary has been generated from information found on Charity Navigator.

Multi Ethnic East Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multi Ethnic East Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,418

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